Vet bonding scheme
The Voluntary Bonding Scheme for Veterinarians supports graduate vets working in rural practices that focus on production animals. Learn more about the scheme, eligibility criteria, and how to apply.
UPDATE – 3 OCTOBER 2018
Successful applicants announced
Thirty graduate vets who successfully applied for the scheme in 2018 will get $55,000 each over 5 years.
The next application round is scheduled to be held in mid to late 2019 when 30 new spaces will be available.
About the scheme
To help ease the shortage of rural veterinarians working with production animals, MPI set up the Voluntary Bonding Scheme for Veterinarians. The scheme aims to attract and retain graduate vets into rural practice. It provides a payment to recently graduated vets who work in an eligible practice with a primary focus in production animals.
Participants eligible for $55,000 over 5 years
People taking part in the scheme are eligible for $55,000 ($11,000 each year) over the 5 years of the scheme. MPI will pay the first instalment in your third year in the scheme, with the second and third instalments made after the fourth and fifth years respectively. MPI will contact you near to your anniversary date and send you an Eligibility for Payment form to complete.
Tax and student loan deductions
Income tax is deducted automatically, and if you have a student loan, MPI will pay Inland Revenue to pay off any outstanding loan. If you have no student loan, the balance (after income tax has been deducted) will be paid directly to you.
Graduates must meet criteria to apply
You can apply for the scheme if you graduated from Massey University's Bachelor of Veterinary Science in the 12 months prior to submitting your application and you:
- are a New Zealand citizen or permanent resident
- are registered to practise in New Zealand and hold a current practising certificate, and
- have a permanent, full-time position, in an eligible practice, whose focus is production animals, or
- have been offered a role in an eligible practice but haven't started working yet.
All successful applicants stay in the scheme for 5 years, as long as they remain eligible.
Up to 30 vets a year accepted
The scheme is capped at 30 participants. MPI runs a ballot if it gets more than 30 eligible applications. Another ballot of remaining applicants is run to make a secondary list of candidates. MPI uses the secondary list if someone leaves the scheme in their first 2 years or there aren't enough applicants in the next application round. In such cases, the first eligible person on the secondary list will be asked to join the scheme.
Information for graduates
Download the current terms and conditions [PDF, 369 KB]
Download the 2016 terms and conditions [PDF, 255 KB]
Changes to your situation during the scheme
If you transfer to another eligible practice, you need to tell MPI before your move to your new practice. You'll still be eligible for the grant. Email a transfer of practice application form to email@example.com
Download the transfer of practice application form [PDF, 285 KB]
If you change workplace and your new workplace is not an eligible practice, you'll no longer qualify for payments under the scheme. Let MPI know if you stop working for an eligible practice. Email firstname.lastname@example.org
Before you take extended leave or parental leave, email details of your leave to email@example.com
MPI will review your eligibility and your bonding period might be changed. The terms and conditions explain the rules around leave.
Who to contact
If you have questions about the scheme, email firstname.lastname@example.org
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